DONG and Vestas team up on 8 MW turbine testing
Danish energy group DONG Energy and wind turbine manufacturer Vestas, also of Denmark, have entered into a cooperation agreement that will see them work together on testing Vestas' V164-8.0 MW offshore wind turbine prototype at the Østerild wind turbine test centre in Denmark.

Vestas ditches plans for UK turbine factory
Vestas has scrapped plans for a wind turbine factory in the Port of Sheerness delivering a blow to the UK government’s efforts to bring large-scale wind turbine manufacturing to British shores.

News

MHI Vestas Offshore Wind now operational

03 April 2014

The offshore wind power joint venture between Vestas and Mitsubishi Heavy Industries (MHI) is now operational. It will handle the further development of the V164-8.0 MW turbine.

Vestas and Mitsubishi Heavy Industries each hold invaluable experience and knowledge which makes this joint venture an ideal opportunity and a technologically and financially robust platform to obtain a global leadership position within offshore wind.

The new company, MHI Vestas Offshore Wind, is headquartered in Aarhus, Denmark. Vestas and MHI have transferred 380 employees to the new entity, which is owned equally by the parent companies

The joint venture is responsible for the design, further development, procurement, manufacturing, installation, commissioning and service related to the V164-8.0 MW turbine, as well as all marketing, sales and after-sales service related to offshore wind.

Vestas reports that the closing of the joint venture will only have a marginal impact on its 2014 revenue and earnings due to the deconsolidation of the offshore business unit. A gain on the joint venture transaction of around €50 million will be booked as a special item.

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